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The Bradstreet As Well As Dun Paydex Business Credit Score

The Bradstreet As Well As Dun Paydex Business Credit Score

The primary credit score used in the business world is widely known as what does a credit repair service do [just click the following document] Paydex score provided by Bradstreet and Dun.
This particular amount evaluate a business's lending risk much the comparable to a consumer credit rating reflects a consumer's particular credit danger.
Paydex is basically the merchant equivalent of the personal credit score of yours.
The exact definition from Dunn & Bradstreet, or maybe D&B is: The D&B PAYDEX® Score is D&B's one of a kind dollar weighted numerical indication of the way a firm paid the payments of its within the past 12 months, determined by trade experiences reported to D&B by various vendors.
There are numerous BIG differences from a business Paydex score plus an individual FICO consumer score.
Consumer FICO credit scores vary from 350-850. The Paydex Score ranges from 0 100 with hundred being probably the highest score you can get.
Unique credit scores are calculated based on a number of variables.
The Paydex score is calculated based on only a single factor; whether a company makes timely payments to its suppliers and creditors within the agreed upon terms of payment.